The Introduction Of Various Racing Drone Leagues, Combined With The Meteoric Rise In Popularity Of Such Sporting Events, Has Contributed Positively To The Growth Of The Racing Drones Market

 

Racing Drones

First Person View (FPV) racing, also known as drone racing, is comprised of custom-built quadcopters with a front-facing camera mounted or built into them, as well as a high-speed electric motor for racing purposes. Furthermore, the pilot controls the drone with a remote control while portraying the vision of the camera mounted on the drone with the help of a head-mounted display or goggles and controls the racing drone's motion, speed, and direction with the controller. During the forecast period (2018–2026), the global racing drones market is expected to grow significantly. The increasing application of drones in various sporting events, such as cricket tournaments, is driving market growth. For example, in cricket tournaments, drones are used to capture pictures or videos from the top for a clear view.

 

Racing Drones Market is divided into two types of aircraft: RTF (Ready-to-Fly) and ARF (Almost-Ready-to-Fly). According to CMI Research, ARF is expected to be the largest market in 2019, followed by RTF. RTF drones are the most popular among skilled pilots due to their customizable feature, which allows them to modify the machine with their expertise in order to achieve higher speed and efficiency in racing tournaments. As a result, global demand for ARF is increasing. ARF is also expected to be the fastest growing segment in the global racing drone market. Furthermore, the growing number of racing events, such as the Drone Champions League, Drone Racing League, MultiGP, and Drone World Championship, in which pilots from various countries compete, is a major factor supporting the global growth of the ARF drones market.

 

The introduction of various racing drone leagues, combined with the meteoric rise in popularity of such sporting events on a global and regional scale, has contributed positively to the growth of the Racing Drones Market. The establishment of racing commissions and associations, such as the USDA Association, Quadcopter Aerial Racing Organization and Promotion (QAROP), and the British FPV Racing Association, has provided the racing drones market with legal authorization and a framework in which to grow and evolve in a secure manner. The global racing drone market is divided into several segments, including type, component type, size, application, industry vertical, and region. The racing drone market is classified into three types: RTF/RTR, BNF, and ARF. The market is divided into component types such as FPV goggles, FPV remote controllers, cameras, batteries, flight controllers, airframe, motor, processor, and others.

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